How to Calculate Cash Short and Over The purpose is to allocate the cost to expense in order to comply with the matching principle. In other words, the amount allocated to expense is not indicative of the economic value being consumed. Similarly, the amount not yet allocated is not an indication of its current market […]

It’s best to conduct the former to make the latter easier, faster, and more convenient for you. The primary purpose is to formally close out your books for the current year. However, your goals include establishing robust financial management, setting a proper budget, and ensuring business profitability for the coming year. By following this comprehensive […]

So, forget about those poor little helping verbs for a bit, and let’s turn our attention to action verbs and linking verbs. These two kinds of main verbs can act in four different ways. There is also a third category of verbs which doesn’t get any glory. The reason that these guys don’t get any […]